Broker Name: Lim & Tan Securities
Date of Report: 30 January 2026
Excerpt from Lim & Tan Securities report.
Report Summary:
- The Singapore market remains buoyant with the FSSTI index up 6.1% year-to-date, as construction and infrastructure demand drives business optimism.
- Tiong Woon Corp (TWC) is highlighted as a key beneficiary of Singapore’s construction upcycle and overseas heavy-lift projects, with strong operating leverage, a solid balance sheet, and a projected 30% upside to target price; the broker maintains a BUY rating on TWC.
- CapitaLand Ascott Trust (CLAS) posted an 11% increase in income available for distribution in FY2025, supported by robust operating performance, portfolio recycling, and stable distributions, with a 6.3% dividend yield and a positive outlook as global tourism recovers.
- China’s copper smelters are facing a turning point due to ore shortages and government interventions against overcapacity, while Japan is exiting its deflationary regime, resulting in higher yields and increased market volatility.
- Institutional investors were net buyers on the SGX in the week of 19 January 2026, focusing on banks and select industrials, while retail investors were net sellers overall.
- Several Singapore-listed companies announced upcoming dividends and special distributions, reflecting stable corporate earnings and shareholder returns.
Above is an excerpt from a report by Lim & Tan Securities. Clients of Lim & Tan Securities can be the first to access the full report from the Lim & Tan Securities website: https://www.limtan.com.sg
